Test Bank for Statistical Techniques in Business and Economics 18th Edition
11 views 0 purchase
Course
Science
Institution
University Of Toronto (U Of T
)
Test Bank for Statistical Techniques in Business and Economics 18th Edition
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) A population is a collection of all individuals, objects, or measurements of interest.
⊚ true
⊚ false
2) Statistics are used as ...
test bank for statistical techniques in business and economics 18th editiontest bank for statistical techniques in business and economics 18th edition test bank for statistical techniques in business
Written for
University of Toronto (U of T
)
Economics
Science
All documents for this subject (126)
Seller
Follow
donatrey
Reviews received
Content preview
Test Bank for Statistical Techniques in Business and Economics 18th Edition
Lind
,TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) A population is a collection of all individuals, objects, or measurements of interest.
⊚ true
⊚ false
2) Statistics are used as a basis for making decisions.
⊚ true
⊚ false
3) A listing of 100 family annual incomes is an example of statistics.
⊚ true
⊚ false
4) The average number of passengers on commercial flights between Chicago and New
York City is an example of a statistic.
⊚ true
⊚ false
5) Statistics is used to report the summary results of market surveys.
⊚ true
⊚ false
6) A sample is a portion or part of the population of interest.
⊚ true
⊚ false
7) To infer something about a population, we usually take a sample from the population.
⊚ true
⊚ false
8) Descriptive statistics are used to find out something about a population based on a
sample.
, ⊚ true
⊚ false
9) There are four levels of measurement: qualitative, quantitative, discrete, and continuous.
⊚ true
⊚ false
10) The ordinal level of measurement is considered the "lowest" level of measurement.
⊚ true
⊚ false
11) A store asks shoppers for their zip codes to identify market areas. Zip codes are an
example of ratio data.
⊚ true
⊚ false
12) An ordinal level of measurement implies some sort of ranking.
⊚ true
⊚ false
13) Data measured on a nominal scale can only be classified into categories.
⊚ true
⊚ false
14) The terms descriptive statistics and inferential statistics can be used interchangeably.
⊚ true
⊚ false
15) A marketing research agency was hired to test a new DVD player. Consumers rated it
outstanding, very good, fair, or poor. The level of measurement for this experiment is ordinal.
⊚ true
⊚ false
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller donatrey. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.